ChrisAbdey

ChrisAbdey

Looks like a pretty good confirmation on Palladium it went up and bounced off the 805 level again, that seems to be a pretty tough barrier to cross. However, it went up and came back down to rest still above the 9 day MA and I am still bullish on Palladium unless it decides to break and close under the 760 level. The RSI is above 50 and though pointed down looks...

ChrisAbdey

DE has just broken below the 9 day and 50 day MA and has ended on a BE candle. The RSI seemed to be trying to break above the 50 level, but it got rejected. It's been hovering back and forth in the same range for a while now - I'm tempted to take a sell position, with a SL of 110.20 -

ChrisAbdey

Oil has taken a beating recently, so the CAD has suffered a tad. I am long AUDCAD until oil starts to make a recover (seems like it wants to starting now, make no mistake oil WILL come up again, it's just a matter of when) - So I am long AUDCAD until oil starts to turn around. Target 1.017 - Stop Loss - 1.01

ChrisAbdey

Palladium seems to have made a good bounce off an upward trend line I've got tracking since December 2016. Next target will be 810 - I am planning on stacking and holding long term. Palladium along with the other precious metals should do well this year. :) For more signals and analysis check out the FB page :)

ChrisAbdey

Bitcoin had a nice little up day today - Looking to add more to the stack - Next target is 1265. I think the "issues" that have been talked about in the news recently about how a couple of exchanges weren't allowed to take fiat currency haven't really had a negative effect. If anything this should boost the price in the future :) For more signals and...

ChrisAbdey

The GBPJPY has broken above the 200 day MA to the upside, and recently over the 50 day MA again as well. I am choosing this time to take advantage of the upswing - SL at 138.50 The RSI is showing some signs of exhaustion but its still in the 60 area - the stochastic looks like it wants to embed in an uptrend and the MACD has made a positive crossover to the...

ChrisAbdey

We all know the French Elections are coming up, technically speaking, the Eur/Usd is on a breakout to the upside. I expect we can see it continue to rise, but will ultimately get rejected again once it brushes up against the 200 day MA (red line). I'll be long until that point, and will look to enter a short position after. SL for this particular idea would be...

ChrisAbdey

Finally! After waiting very patiently we can now enter a BUY on USDMXN. SL in mind of 18.40 USD strength mixed with a little pressure on silver make this pair move :) The only thing to watch for is if it can break the RSI 50 level, if it breaks that, technically speaking we can expect some more. For more signals check out the FB page.

ChrisAbdey

Seems like the earlier oil caution was warranted - Strictly from a technical standpoint I am now expecting oil to return to at least the $50 level. I am not trading oil directly, but I am taking advantage via CADJPY. I am also short GLP. For free signals, head over to the FB :)

ChrisAbdey

Been following TXN since Feb 2016 - Seems to be a solid company making semi-conductors, going to start buying and stacking :) We see that it has pretty much bounced off the 50 day MA for the past year, so I'm confident they will continue to perform.

ChrisAbdey

I'm very much bull on bitcoin right now - not only from a technical standpoint, but also the fundamental standpoint. Strictly from the technical standpoint bitcoin is crossing above the 9 day MA and she's been hugging the 50 day MA pretty well (squiggly pink line) - The straight blue line is the long term uptrend I've been tracking since last year, so I feel it's...

ChrisAbdey

If we look at the chart here for oil we see that we may need to exercise some caution... The price is open under the 9 day moving average, the RSI is showing signs of exhaustion, the stochastics have movement a bit down and the MACD looks like it wants to start flipping. Now, is this the time to act? No. But you may want to take some profit if you have open oil...

ChrisAbdey

AVT has closed below the 200 day MA. I have a short position and am looking for it to head back towards support at 42.30 to 42.50 - If you would like to get some more analysis and some signals you can always get them from SimplePips Club Facebook Page. www.facebook.com

ChrisAbdey

DRI is ready to drop - she's got the negative price action going on and she has closed below the 9 day moving average. Her closest support point isn't until she starts approaching the 50 day moving average at around 76.20. That's where I'll be targeting. Stop loss/invalidation 83.50 - If you would like to get some more analysis and some signals you can...

ChrisAbdey

This pair has broken above the 200 day MA - and really, I firmly believe that the Brexit overall us going to be good for the pound in the long run. As long as this pair remains above the 200 day moving average now, and doesn't break below 1.42700 I'll be holding long term. If you would like to get some more analysis and some signals you can always get them...

ChrisAbdey

AMD broke down below the 9 day MA and the 50 day MA. I think that she is going to continue this action and will be looking to exit at the next point of support around 11.66. Stop loss is set at 13.50. I am optimistic that the trade will be good to hold until the earnings report comes out. Now, my plan is that no matter what, I will be exiting the trade BEFORE the...

ChrisAbdey

I know not many people may agree with me right now, but I have the USDCAD as a short in my book. Now, it is true she is being squeezed... Both by a short term downward trendline(blue) and also being squeezed up just above the 50day MA (pinkish) - I am hopeful she is going to flutter down until meeting the long term upward trendline (red) so around 1.32681. If she...

ChrisAbdey

I have outlined here my thoughts on price action for Ethereum. I think we're in for a few more days of sideways action, and it needs to break above 51.57 before we can see the new "ramp up". We can see there is a nice trend up from March 15th, and I am expecting this to continue. I am in it for the long haul!